Tax Treatment of Virtual Currency
Tax Treatment of Virtual Currency
Decscription:
According to a survey done by the Pew Research Center whose results were published in November 2021, 16% of Americans indicated they personally have invested in, traded, or otherwise used virtual currency additionally, the number of people investing in or engaging in transactions involving virtual currency continues to increase. These statistics strongly suggest that tax preparers must be aware of the nature of virtual currency and its tax treatment. It's to provide that awareness that Tax Treatment of Virtual Currency was written.
Course Learning Objectives
After completing this course, students should be able to:
- Recognize the methods of obtaining and storing virtual currency
- Describe how transactions involving virtual currency work
- Understand the basic nature of blockchains
- Apply the existing U.S. tax laws to virtual currency transactions
- Identify when and where to report taxable virtual currency events and transactions
$19.00
Additional information
| Credits | |
|---|---|
| Field of Study | |
| Instructional Format | |
| Delivery Method | |
| Course Author | |
| Knowledge Level | |
| Advanced Preparation | |
| Program Prerequisites | |
| Published Date | |
| Who Should Attend | All Certified Public Accountants (CPAs), Enrolled Agents (EAs), Other Tax Return Preparers (OTRPs) |
cpeprime.com is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.